TAMPA, Fla., July 22 /PRNewswire-FirstCall/ -- MP TotalCare, Inc. announced today that it has completed the acquisition of Gericare Providers, Inc., one of the largest national suppliers of direct-to-consumer wound care products.
MP TotalCare, Inc., based in Tampa, Florida, is one of the nation’s leading chronic care specialty healthcare companies serving the senior population. MP TotalCare provides diabetes testing supplies, respiratory medications, urological products and wound care supplies directly to customers throughout the United States. The Company is among the largest privately held companies in each product category. MP TotalCare also provides pharmacy outsourcing services to third parties, including retail pharmacies, insurance companies and healthcare service providers.
Gericare Providers, Inc. is a leading provider of direct-to-consumer specialty medical products, targeting the chronic wound care market. The Company specializes in wound care management, providing supplies, off-loading devices and compression therapy products to patients with chronic wounds. Gericare is based in Englewood, CO.
Commenting on the transaction, Howard R. Deutsch, Chairman and CEO of MP TotalCare, said, “We are very excited about this strategic addition to the MP TotalCare family. Gericare is a dynamic, growing business with an impressive reputation for excellent service to customers with chronic wounds. The wound care market is large and growing and we believe it is an excellent complementary addition to MP TotalCare’s existing product offerings. The acquisition of Gericare substantially furthers our strategic goal of aggressively growing our business both organically and through acquisitions.”
Mitch Knutson, President of Gericare, will join MP TotalCare as Executive Vice President. Mr. Knutson said, “The Gericare team is very enthusiastic about joining MP TotalCare. We look forward to aggressively pursuing the synergistic market opportunities this transaction creates. With access to MP TotalCare’s resources, Gericare will be able to maximize its wound care market penetration.”
MP TotalCare’s mission is to improve patient outcomes and quality of life through a comprehensive range of services which include: delivery of product to customers’ homes; disease state education and counseling; a prescription regimen compliance program; and acceptance of Medicare and other governmental and third party payor assignment of benefits.
MP TotalCare was founded in 1990. The corporate headquarters is located in Tampa, Florida with other major locations in New Albany, OH; Lawrenceville, GA; and Englewood, CO.
MP TotalCare, Inc.
CONTACT: Howard R. Deutsch, Chairman and CEO, MP TotalCare, Inc.,+1-813-621-4800
Web site: http://www.mptotalcare.com/
